The simple interest accrued on a certain prin | vedclass

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(D) Step $1$: Calculate the principal amount using the simple interest formula.Simple Interest $(SI) = \frac{P 	imes R 	imes T}{100}$$2000 = \frac{P

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$816$

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(D) Step $1$: Calculate the principal amount using the simple interest formula.Simple Interest $(SI) = \frac{P 	imes R 	imes T}{100}$$2000 = \frac{P 	imes 4 	imes 5}{100}$$2000 = \frac{20P}{100}$$P = \frac{2000 	imes 100}{20} = ₹ 10,000$Step $2$: Calculate the compound interest $(CI)$ for $2$ years at $4\%$ per annum.$CI = P \left[ \left( 1 + \frac{R}{100} ight)^T - 1 ight]$$CI = 10000 \left[ \left( 1 + \frac{4}{100} ight)^2 - 1 ight]$$CI = 10000 \left[ (1.04)^2 - 1 ight]$$CI = 10000 \left[ 1.0816 - 1 ight]$$CI = 10000 	imes 0.0816 = ₹ 816$

The simple interest accrued on a certain principal is ₹ $2,000$ in five years at the rate of $4$ percent $p.a.$ What would be the compound interest (in ₹) accrued on the same principal at the same rate in two years?

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